Here’s how you can decide if you need rental car insurance.

When you go to rent a car, the rental car company will likely ask if you would like to purchase rental insurance. While having this extra coverage might seem like a smart idea, there’s a chance that you may not need this insurance. This is because many of the coverages offered by the rental car company are already included in your personal auto policy. Here’s what you need to know to help you decide if you need rental car insurance.

Rental Car Insurance

Typically, rental car companies can offer you these four types of insurance coverage:

Collision Damage Waiver – This type is insurance will ensure that the rental company will not hold you financially responsible if the car you have rented is damaged or stolen.

Supplemental Liability Protection – If you get into an accident, then purchasing this type of insurance will ensure that you are covered for the damages and injuries you may have caused to another party.

Personal Accident Coverage – This type of coverage will cover your injuries or death, or the injuries or death of the passengers in your rental car.

Personal Effects Coverage – This type of coverage will reimburse you for any personal items that are stolen out of your rental car.

What Your Personal Auto Policy Covers

It’s likely that your personal auto policy already has some of the coverages offered by the rental company. For instance, most standard auto insurance policies offer liability insurance that covers you even if you are operating a rental. Some policies might even offer collision, comprehensive, and medical payments coverage that extends to rentals. However, it’s important to remember that different policies will have different coverages. That’s why it’s important to contact your insurance provider to find out what your policy covers. If you find that you do not have adequate coverage for rentals, you should consider purchasing the necessary insurance through the rental car company.

Ultimately, knowing what your personal auto policy already covers will help you decide if you need rental car insurance. Do you need help finding the comprehensive auto insurance that you need? Don’t hesitate to contact us at Steve Wilk Insurance Agency in Illinois. Our dedicated team is ready to assist you with all your insurance needs. Check out our new office at 310 S Main Street, Suite C, Lombard, IL 60148.

Wilk Insurance Blogging Team

Related Post

Here’s what you need to know about your dog and your insurance coverage. As a dog owner, the thought of your four-legged friend biting and injuring someone might have never crossed your mind. However, contraryRead more

Should you invest in life insurance if you’re over the age of 50? Generally, most people understand how important it is to have the right life insurance to provide for their loved ones and prepareRead more

Find out what actual cash value and replacement cost value coverage mean in relation to your homeowners insurance. When getting homeowners insurance, you will have various coverage options to consider. One of the policy decisionsRead more

Does your commercial insurance include coverage for outdoor areas? As a business owner, you want to do everything in your power to keep your business safe. One of the best ways to protect your business’sRead more

Here’s why your auto insurance provider asks you to supply this information. If you are looking for auto insurance, then you will have to provide certain pieces of information to the insurance provider. But whyRead more

Take these precautions to safeguard your home while you’re away. If you are planning on taking a vacation this summer, it’s important that you take steps to protect your home while you’re away. Not sureRead more

Categories

Steve Wilk Insurance

Insurance coverage has many variables and options, thats why when shopping for insurance finding a team like the Steve Wilk Insurance Agency is crucial to discovering the best policy for your specific needs. We put our knowledge and experience in your corner to deliver the best possible options.